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LEASES (Tables)
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Schedule of Leased Branch Properties
Leased branch properties at March 31, 2023 and December 31, 2022 consist of the following (in thousands):
March 31, 2023December 31, 2022
Operating lease right-of-use asset$6,449 $7,234 
Less: accumulated amortization(199)(785)
Less: lease termination— — 
Add: new lease agreement and modifications— — 
Operating lease right-of-use-assets, net$6,250 $6,449 
Schedule of Undiscounted Cash Flows of the Operating Lease Liabilities
The following is a schedule by year of the undiscounted cash flows of the operating lease liabilities, excluding CAM charges, as of March 31, 2023 (in thousands):
YearAmount
2023$747 
2024924 
2025841 
2026845 
2027854 
2028 and thereafter3,169 
Total minimum lease payments7,380 
Less: amount representing interest(953)
Present value of net minimum lease payments$6,427 
Schedule of Leases in Premises and Equipment The Corporation has included these leases in premises and equipment as of March 31, 2023 and December 31, 2022 as follows (in thousands):
March 31, 2023December 31, 2022
Buildings$5,572 $5,572 
Less: accumulated depreciation(2,457)(2,540)
Net book value$3,115 $3,032 
Schedule of Future Minimum Financial Lease Payments
The following is a schedule by year of future minimum lease payments under the capitalized lease, together with the present value of net minimum lease payments as of March 31, 2023 (in thousands):
YearAmount
2023$293 
2024391 
2025409 
2026425 
2027428 
2028 and thereafter1,988 
Total minimum lease payments3,934 
Less: amount representing interest(676)
Present value of net minimum lease payments$3,258